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<br />. the type of industry as a further diversificatio.n o.fthe co.unty's business base <br /> <br />· the size and scope o.fthe project based upo.n investmentin site develo.pment, facilities, <br />buildings and o.ther business infrastructure inclusive o.f techno.lo.gy <br /> <br />· the diversity, quality and quantity o.fjo.bs created by a project and the availability of labo.r <br />inclusive o.f jo.b retentio.n and retraining o.ppo.rtunities <br /> <br />· the relatio.nship between wo.rkfo.rce develo.pment and to.tal pro.ject investment <br /> <br />. the potential for future expansio.n o.f investment and emplo.yment <br /> <br />. site specific issues impacting upo.n public infrastructure <br /> <br />. actio.ns that if pursued, stimulate develo.pment in areas o.fthe co.unty deemed beneficial <br /> <br />. the ratio. o.f investment in real versus perso.nal pro.perty assets <br /> <br />. the environmental impact o.f the project <br /> <br />· issues o.f significant impo.rtance related to. a particular project <br /> <br />III. PROJECT QUALIFICATIONS <br />A primary intent of the INDUSTRIAL DEVELOPMENT GRANT PROGRAM is to. expand and <br />diversify the county's property tax base. Minimum investment and emplo.yee wage factor criteria <br />. may be established as a requirement for co.nsideratio.n and award of a grant fo.r eligible projects. <br />These criteria are used as guidelines in project evaluations. They may be expanded upon or added <br />to. for a specific project and incorporated in the terms of the fo.rmalizedgraJ\t award agreement <br />between the participants. <br /> <br />. Minimum to.tal project investment (based upo.n the estimated project real and perso.nal <br />property assessments to. be co.nfirmed by the co.unty assesso.r) <br /> <br />Small Co.rporate Headquarters grant catego.ry - $3 millio.n <br />Level I grant catego.ry - $ 5 millio.n <br />Level 2 grant catego.ry - $50 millio.n <br />Level 3 grant catego.ry - $100 millio.n <br /> <br />Small Corporate Headquarters grant - a special grant category for a business that has a <br />minimum to.tal project investment o.f $3 millio.n, but less than $5 millio.n, which brings its <br />Co.rpo.rate headquarters to. Cabarrus Co.unty. The grant is based upo.n a project's estimated tax <br />revenue generatio.n value, calculated to. equate to. approximately 50% of the value o.freal and <br />personal property tax revenue value anticipated to. be generated by the project. The value fo.r <br />real property investments shall be calculated based o.n a perio.d o.f fo.ur (4) consecutive years <br /> <br />- 3 - <br /> <br />Q-3 <br />